Uhuru off to China for new Sh380 billion SGR loan - News Summed Up

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Uhuru off to China for new Sh380 billion SGR loan


President Uhuru Kenyatta is expected to travel to China next month hoping to secure Sh380 billion funding for the Naivasha-Kisumu standard gauge railway. Our sources indicate that Uhuru will be in Beijing within the first two weeks of April. The Chinese leader instead asked Uhuru to conduct a commercial viability study on the entire Mombasa-Kisumu railway project and secure a financing deal with Uganda. The planned China visit comes hot on heels of a two-day state visit by Ugandan President Yoweri Museveni to Mombasa to discuss bilateral ties with Kenya. It will cost $1.7 billion (Sh170 billion).


Source: The Star March 30, 2019 03:56 UTC



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